Shenzhen Longsys Electronics Co.,Ltd. (stock code: 301308) completed the IPO procedures and landed on the board of ChiNext on August 5th. The listing on the Shenzhen Stock Exchange (SZSE) marks a new phase of development for the company.
A group of leaders and guests attended the ceremony and rang the opening bell together.
In his speech, Huabo Cai, chairman and CEO of Longsys, pointed out that landing on the ChiNext board is an important milestone for Longsys’ development and provides “a broad platform” for Longsys’ continued prosperity and growth. Taking this opportunity as a new starting point, Longsys will continue to embrace its entrepreneurial spirit, strengthen memory R&D and product innovation, comprehensively improve its core competitiveness, expand its shares in domestic and overseas markets, and strive to become a comprehensive memory brand with global presence Present.
Chinese storage company Shenzhen Longsys Electronics Co., Ltd. (“Longsys” or “the Company” for short) was founded in 1999 and focuses on the research and development, design and sales of Flash and DRAM products. Longsys now offers four product lines: embedded storage, solid state drives (SSD), mobile storage and storage modules. The company has two memory brands: FORESEE for the TO B market and Lexar for the TO C market and provides software and hardware application solutions for consumer, industrial and automotive grade memory and storage products. With differentiated and diversified competitive advantages, Longsys is sustainably expanding its market position and market share.
From 2019 to 2021, Longsys’ operating income was US$830 million, US$1.055 billion and US$1.512 billion, respectively, while the net profit in these three years was US$18.48 million, US$40.07 million -dollars or $157 million.
As a result of years of high R&D investment and technological innovation, and the close cooperation of R&D teams in Shenzhen, Zhongshan, Shanghai, Chengdu and other places, Longsys has developed a key technical competitiveness in the development of firmware algorithms and integrated memory chip testing, packaging design, customization of storage products and other areas. As of December 31, 2021, Longsys has built a technical R&D team of more than 800 specialists and obtained 438 valid patents at home and abroad, including 105 abroad. Going forward, the company will continue to increase its investments in various R&D resources to further consolidate its technology leadership.
After the IPO, Longsys will continue to build FORESEE and Lexar, expanding its global footprint and brand influence. Adhering to the core values of practicability, independent innovation and joint entrepreneurship, Longsys fulfills the development mission of brand, quality, morality and exceeding customer expectations, and will strive to realize its vision of “Everything for Memories” with its newfound strength. With the help of the capital market, the company will focus on large-scale R&D projects of enterprise-grade and industrial-grade memory and storage products to better seize market opportunities, seize strategic leadership positions in the industry, and accelerate the building of an independent storage industry ecosystem and build Longsys further expands into an international comprehensive memory brand company.
media contact
Name of the company: longsys
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Phone: +86-755-86168848
Country: China
Website: https://www.longsys.com/
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